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O2 delays IPO citing Brexit uncertainty: Sky News

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O2 delays IPO citing Brexit uncertainty: Sky News
FILE PHOTO - A woman speaks on her mobile telephone outside an O2 shop in Loughborough, Britain, January 23, 2015. REUTERS/Darren Staples/File Photo   -   Copyright  Darren Staples(Reuters)
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(Reuters) – British mobile operator O2, which is owned by Spain’s Telefonica <TEF.MC>, is putting its 10 billion pound ($13 billion)initial public offering plans on hold, Sky News reported on Monday.

Britain’s second-largest mobile operator had been expected to list on the London Stock Exchange this year, but is postponing the float amid market uncertainty until after Brexit, according to the report

($1 = 0.7698 pounds)

(Reporting by Shashwat Awasthi in Bengaluru; Editing by Emelia Sithole-Matarise)

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